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25 March 2009 Crisis Measures for the Turkish Economy: A Framework Proposal, Tepav Report
The negative effects of the global crisis on Turkey have gradually become evident.
Almost all economic indicators imply that the economy has been going through a
period of serious slowdown. As we also stated in the note published in November
2008, the crisis is affecting Turkey through the deteriorations in four different channels:
external funding channel, domestic credit channel, foreign trade channel and
confidence channel. The effects transmitted through these channels have been
continuing and intensifying.
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